Zurich has launched a protected fund giving access to UK, European and US indices and guaranteeing 80% of the highest-ever portfolio value.
The Tracker Protected Profit fund is linked to three HSBC funds, the FTSE All Share Index, European Index and American Index offerings, and one cash portfolio, Barclays Global Investors Sterling Liquidity First.
The fund's equity exposure is divided into 60% UK, 20% Europe and 20% US.
Paul Wright, Zurich's investment management director, said the funds are designed to minimise tracking error and perform as closely as possible to the index in question.
It uses constant portfolio protection insurance meaning the fund's value will not fall lower than 80% of its highest ever level and will provide up to a maximum 70% exposure to the equity market.
The funds are open-ended and, have no fixed maturity date and no lock-in period.
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